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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (1646)	10/29/1998 6:21:00 PM
From: Rick Faurot	Read Replies (2) \| Respond to of 7382

Colin, What I mean about Dell being slippery to execute on is that apart from moments when it is stalled, it tends to move very quickly away from the inside bid/ask. The effect of this is that if you don't hit the inside during the stall, you have to bid above the inside ask to get a fill. This is particularly true when the inside ISLD offer is two or three ticks above the inside. Even though you may see ten MMs at a price, getting them to fill your bid when the stock is on the move is often virtually impossible. That is my experience any way. If you are trading on Datek or something like that and you enter a bid two or three ticks above the inside, sure, you will get filled. Then again, the stock may stop on a dime and go the other way and you are now down four ticks and struggling to get out. If you are consistently trading Dell successfully, my hat is off to you and I'd appreciate hearing your technique for choosing entry points. Rick